January 15, 2015 9:41 am
Compagnie Financiere Richemont SA announced on Thursday weaker sales growth as demand for its luxury watches dropped in Asia amid protests in Hong Kong. The owner of Cartier, IWC and Piaget brands announced a revenue of €3.05 billion during the three months ended December 31, up 3.7% compared to an year earlier. However, excluding currency […]
Read moreJanuary 15, 2015 9:03 am
Yesterday’s trade saw USD/CAD within the range of 1.1925-1.2018. The daily high has also been the highest level since April 30th 2009. The pair closed at 1.1951, losing 0.05% on a daily basis. At 8:59 GMT today USD/CAD was up 0.01% for the day to trade at 1.1950. The pair touched a daily high at […]
Read moreJanuary 15, 2015 8:48 am
Gold fell on Thursday to trade below its highest level in twelve weeks as traders remained cautious amid plunging commodities prices and concerns of sluggish global growth. Comex gold for delivery in February dropped 0.53% to $1 228.0 per troy ounce by 08:26 GMT, shifting in a daily range of $1 232.5 – $1 226.1. […]
Read moreJanuary 15, 2015 8:06 am
General Motors Co announced on Wednesday it is expecting higher profit margins and underlying earnings in 2015 versus 2014, boosted by improved sales in all regions. GM will also increase its capital expenditure by 20% to $9 billion in 2015, the biggest amount the company has spent since its government-managed bankruptcy in 2009. The move […]
Read moreJanuary 15, 2015 8:00 am
Yesterday’s trade saw EUR/USD within the range of 1.1726-1.1845. The daily low has also been a fresh 9-year low. The pair closed at 1.1789, gaining 0.14% on a daily basis. At 8:13 GMT today EUR/USD was down 0.20% for the day to trade at 1.1765. The pair touched a daily low at 1.1760 at 6:30 […]
Read moreJanuary 15, 2015 7:44 am
Yesterday’s trade saw EUR/NOK within the range of 8.9759-9.1761. The pair closed at 8.9853, losing 1.63% on a daily basis, which marked the second consecutive daily loss. At 7:37 GMT today EUR/NOK was up 0.20% for the day to trade at 9.0038. The pair touched a daily high at 9.0220 at 7:33 GMT. Fundamentals Euro […]
Read moreJanuary 15, 2015 7:23 am
Yesterday’s trade saw EUR/GBP within the range of 0.7730-0.7782. The pair closed at 0.7740, losing 0.33% on a daily basis. At 7:21 GMT today EUR/GBP was up 0.04% for the day to trade at 0.7739. The pair touched a daily high at 0.7741 at 7:19 GMT. Fundamentals Euro zone Spanish consumer inflation – final estimate […]
Read moreJanuary 14, 2015 2:52 pm
JPMorgan Chase & Co announced on Wednesday a decline in earnings due to a drop in revenue from fixed-income trading and higher than expected legal costs. Net income decreased to $4.9 billion during the fourth quarter from $5.3 billion a year earlier. Earnings per share stood at $1.19 versus $1.30 a year ago. Analysts have […]
Read moreJanuary 14, 2015 1:16 pm
Apple Inc and Swedens Ericsson are suing each other over royalties for patents covering wireless technology used in every iPhone and iPad. According to a filing to the District Court for Northern California, Ericsson is seeking excessive royalties for its “Long Term Evolution”-related patents. Apple claims that the Swedish company is demanding fees based on […]
Read moreJanuary 14, 2015 11:03 am
International Business Machines Corp announced on Tuesday the release of its new z13 system aimed at providing superior performance as the company tries to revive its struggling business. The z13 system is a product of five years of development and a $1 billion investment, IBM said. The companys new mainframe utilizes the innovations covered by […]
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